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Secerno has warned banks to take tighter control over customer data. Consumers, regulators, and businesses have no way to reliably assess the incidences and frequency of identity fraud at major financial institutions, a new study concludes. TJX and three bankers groups have settled a lawsuit over costs related to the discount retailer's record data breach that may have exposed as many as 94 million accounts, the parties announced Tuesday. The Fortinet Global Security Research team has detected two phishing attacks on UK major banks that were mounted using the Storm Worm botnet, said to be the first attack on the financial sector by Storm's huge network of zombie computers. A group of New England banking associations contended in a court filing Tuesday that hackers stole 94 million account numbers when they infiltrated the databases of clothing retailer TJX, the Boston Globe reported today. Security firm Panda has launched a software suite designed to secure e-banking and e-commerce transactions.
The crisis on Wall Street is contributing to the largest rise in email-borne malware since February 2007. A computer holding bank customers' credit card data has been sold on eBay for US$75. Targeted attacks against financial institutions continued to soar last month, according to the latest report by RSA. Banks falling behind fraudsters. Newly organised methods of online criminal activity are threatening to democratise fraud and undermine banks and online traders, according to security experts at this year’s RSA Conference Europe. The World Bank's internal networks have been compromisd by outside attackers at least six times in the last year, according to a recent report. IT managers are facing a tough time ahead as the economic crisis leads to the consolidation of several major banks and their respective IT systems. There has been a vast increase in spam making reference to troubled high street banks. A unique breach of bank information has hit one of the world's largest banks. Quantum is quietly confident that its investment in the emerging area of data de-duplication will change the face of the storage market. Security professionals weigh in on what may have caused the most recent high-profile personal account breach -- this one involving French President Nicolas Sarkozy. While it is unlikely we will ever abolish cybercrime, I do believe that we can make the internet a safer place. Security provider RSA is reporting a new and unfamiliar Trojan attack that exploits business bank account holders’ heightened awareness of security and uses it against them. Cybercriminals are stealing bank login details from Australian online bankers and selling the data on European black markets for as much as €550 ($913).